Hello everybody:
I get asked a lot about my Currency Strength Meter and some of the best ways to use it. I made a short video (26 minutes) covering the 7 ways that I use my meter and I hope it will spark a new idea in your trading or point you to a new direction as you use my Strength Meter later on tonight.
I’d like to encourage you to leave a comment on my blog and share some other ways that you are currently using my meter, I’ll review your comments and incorporate them in my next Strength Meter usage video.
By the way, this video is my way of saying thank you for being my loyal blog fan / newsletter subscriber, as I am launching my Mastermind Mentoring Program for the one and only time in 2010, I’d appreciate if you help me getting the word out!
Once again, thank you,
Henry Liu
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Goodevening,
thank you very much for the complete and usefull information all the way from Belgium Europe
Thank you Henry, very useful tool…. works like a charm. Keep up the great work, very much appreciated
firstly every time i use any new indicator for forex…i must test the indicator if it really works..after i use 1 week…the CSM………….thanz you henry it really work…basically if i trade i look ..for strong current and match with weak current and reverse….well my trade works…tahx q
Excellent sharing. Learn a lot on using the currency meter.
Henry,
I have just downloaded your Currency Strength Meter on the recommendation of two friends who are currency traders and who swear by your CSM. Very excited to start to use it! Have been trying to watch the 26 min video, but cannot get it to actually start. Just sits in the “spin” phase for over an hour. Is there another link for the video elsewhere? Or any other thoughts on how to get it to run?
Thanks much! Keke
Thanks Henry for all the insight and simple methods to make trading easier, I have just downloaded the CSM and hopefully I can try gain a couple of extra tics, your assistance for news trading analysis has been invaluable to me and i get rather grumpy if there are no figures out for the day, i have mentioned your name to a couple of fellow friends of mine who are start up traders like me and I refer to you as Henry Liu the forex Guru, hope you dont mind.
I can not play your mp4 file re. currency meter. i download VLC multi media player that suppose to play mp4. Any suggestions thanks jerry
Download a codec pack, search google for k-lite.
Great tool. Can the option be provided (in conjunction with the alarm) to write a CSV file to a specified folder. The content could be:
USD,Blue,2.3 (currency, color, strength) —> name of the file could be USD.csv
The same could be done for other currency. Files could be written at a predetermined interval (eg. every 5mins)
Henry,
Thankyou for this excellent tool..
You are a most generous person and much appreciated
in the world of trading.
tank u very much…i do appreciate ur wrk..hav tried it n it really wrkd for mi..more blessingz..
tanx…u d man..i do appreciate d meter..tried it n it really wrked well for mi..more blessingz….
henry,
this is a wonderful tool thanks alot for your help. please, can you adjust the csm in such a way that it adjusts the value of each currency based on timeframes. the 4H and 1H can be a good starting point.
Dear Henry,
Excellent tutorials. You are an awesome Mentor with a generous heart. Great clarity on how to optimize usage of your strength meter. Appreciate if you allow it to be downloaded into a playable file for revision and constant reminder
Many thanks and Blessings
Wong Sang
Hi Henry. It will be a great idea if you had a PDF format on how to use your
currency strengh meter. If there is one available, please let us know where we can grab a copy.
Regarding your new up-coming strengh meter, it will be a great idea if you can attach an Email alert to the software.
Henry the tool seems to be good, i think that what is missing is to set an alert allarm it would be great, i mean when a currency change color you can listen the alarm. let me know what you think about it!
It is done! I just included it in the 3.0 version.
Thanks a lot henry for your currency meter
i really wanna learn how to read d meter, like when to enter for a buy and wen to enter for a sell… plus wen to know if d signal is strong enough to enter d market. i wanna know what d colors mean and how to read d newsprofiteer.. please u cld reply or inbox me on how to use it very well… thanks
Tris and chuuxxy, please watch the video about the 7-best uses of the Currency Strength Meter: http://www.currencystrengthmeter.com/76/7-best-uses-to-profit-from-currency-strength-meter/
This metre stuff is very powerful.I just watched the video and the presentation is wonderful. I will now test it via demo. However I’m convinced it’s going to be of an immense help if properly used.I’m grateful,sir. May God add to your blessings!. This is very good of you. Keep it up!
Hi Henry,
First of all, nice tool and instruction video.
However, I have an AMD 64bit 6 core CPU with 16 GB ram, and this little tool is sucking up to 40% CPU at times. My buddy has it on his laptop, and his CPU is at 100%.
What are the chances of making the code a bit more efficient?
Thanks,
Jim
Hi Jim, this issue has been resolved in the upcoming new version of the meter. We are in the very last stage on completing and making it available soon.
Hi Henry,
nice way you have shown in video. is it not possible for you to make arrangements in the currency strenght meter to give analysis in the form of automatic comentary or which pairs need to be traded on real time basis?
anil, the new version 3.0 will include a ticker with the latest news events that affect the Forex market and a news tab that will show the upcoming high impact tradable Forex news.
Hello Henry,
It has been quite sometime since you said that CSM version 3 will be ready. I am eagerly waiting for the meter. V2 is great. But with modifications V 3 is likely to be outstanding.
We are waiting since April. When do you think it will be possible to get a glimpse of CSM V3?
Thanks and regards
DR
DR, thank you for your patience; the programming of the new meter has taken longer than expected but it will be ready very soon.
Hi Henry, thanks very much for this little gem
Works like a charm…. thanks for sharing it!!
Cheers
Hi Henry
I have downloaded the meter and all is working fine after I followed your video. Nice tool and looking forward to using it over the coming weeks.
Enhance it with a chart feature would be nice touch, probably a premium feature for the future.
Many thank for the download I’m sure I will find it useful and profitable
Steve
Dear Sir,
I download the indicator and it shows the value , but can u please guide me how to utilize? give some user guide.
thanks
Umesh Patel
Umesh, please watch our 7 Best Uses to profit from the Currency Strength Meter (http://www.currencystrengthmeter.com/76/7-best-uses-to-profit-from-currency-strength-meter/)
Thanks a million for the application. Is it possible for me to read the 7 best uses to profit from currency strength meter? The download speed of my internet is really slow. I’d really be grateful if you can point me in the right direction.
Thank you in advance
Mike, we may upload an updated video along with a pdf when version 3.0 is out.
Hello, thank you for the app
I use the same concept on Excel with the dde enabled in metatrader by entering the daily open price for the 28 currencies every day since metatrader doesnt export its value, and I was in my way to make another table only with the calculation for the weekly range but then i ll have to enter not only the opening but the high low and close too. it will be a nice idea to issue a weekly version of such great tool
i use windows 7 and i just downloaded the currency strength meter but ever since i did that, it doesn’t work. i get the same figure every time. *lease what should i do
Hello, I’ve downloaded the meter, the EUR is at 0.00 and the JPY and CAD is at 9.00 all the time.
Any ideas, Thank you.
did you follow the installation guide, step by step?
this is nice, i have just downloaded and am trying to use it, hope it works better
Dear Henry, you are God sent, lot dollars has being lost before discovering this very promising tool in forex trading, please, kindly continue with your supportive stance and good mind to see fellow traders making money in forex, God bless you. Thank you very much.
Hello,
Thanks for this clever tool.
Maybe an idea for further devellopment.
This tool is like an instant picture of the Currencies strenght. It Could be interesting to add some sort of Historical trend (Score representing different time interval to be able to evaluate tthe trend for different duration of each currencies
the score could be calculated by adding the score realised each minute during 5 15 60 etc mins and dividing this by the number of minute it will give an idea of the evolution of the currencies’s strenght
ex :
USD EUR GBP CHF CAD AUD JPY
2.40 2.80 7.50 6.30 5.00 8.00 6.00
15′ 1.40 3.40 8.00 5.00 5.40 7.00 4.00
1H 5.00 4.40 9.00 etc…
4H
this way you do not only have an instant picture of the market, but more a movie of it’s evolution. you can answer the question is the strenght of the currency X
A sudden strenght or is it the evolution of a weaker strenght reforced during the last fiteen minuts , this hour etc…
It could give a sort of 3D view of the currencies strenght.
Regards
Bruno
Hi Henry, I’ve just downloaded the news profiteer meter and enabled dde server. It takes a while to update and then the values will stay static for several hours. Is this correct? So after the news today which was bad for USD, causing dollar weakness across the board, I expected the USD value to drop from 5.10 to something lower. Is this a correct expectation? It’s a nice product, I hope I have it set up right
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